We examine how IPOs and acquisitions affect entrepreneurial innovation as measured by patent counts and forward patent citations. We construct a firm-year panel dataset of all venture capital-backed biotechnology firms founded between 198'22'008 tracked yearly through 2006. We address the...

Much research has been devoted to look for characteristics that drive individuals towards engaging in entrepreneurship. Less attention has been given to the question of what makes people persist in or exit from entrepreneurship. Recent years have seen an increasing focus on entrepreneurial exit...

Interest in and attention to entrepreneurship has exploded in recent years. Nevertheless, much of the research and scholarship in entrepreneurship has remained elusive to academics, policymakers and other researchers, in large part because the field is informed by a broad spectrum of...